Statistical data about the steps that will create the results desired as referred to as ___________________________________

Under the perpetual inventory system, the journal entry to record cost of goods sold:

A) Cost of Goods Sold XX Sales XX B) Merchandise Inventory XX Sales XX C) Cost of Goods Sold XX Merchandise Inventory XX D) Sales XX Merchandise Inventory XX

________ exhibit replacement cycles dictated by physical wear or obsolescence associated with changing style, features, and performance

A) Frequently purchased products B) High-moving goods C) Inexpensive products D) Commodity products E) Infrequently purchased products